The police perimeter was established just after 9 p.m. Wednesday after the victim issued a $1,000 reward for the laptop's return through an electronic message on the screen. He then scheduled a meeting with the thief near the Bank United Center to make the exchange, according to authorities.

Coral Gables Police said 21-year-old Del'Necco Streeter had the laptop in his possession when he fled from the arena. He was eventually found in a parking garage stairwell, according to the arrest affidavit.

Police said Streeter, of Miami, was arrested and faces charges of dealing in stolen property and resisting an officer without violence, the arrest form said. The driver of his getaway car is still at large.

The final alert read: “UMiami ENN: ALL CLEAR Gables Campus. The emergency incident has been resolved. Police responded to a theft and two suspects are in custody. Resume all normal campus operations. For more information go to www.miami.edu/prepare.”